Question

principal amount = 10000, time = 9 months, rate = 6% per annum with interest being compounded quarterly. find the compound interest. ​

Answer 1

Step-by-step explanation:

Principal = Rs 2000, Rate = 4 paise per rupee per annum, Time = 3 years ... Compound interest (CI) = A-P = Rs 14641 – 10000 = Rs 4641 ... If the rate of interest is 10% compounded annually, find the amount that Meera has to pay back. ... Find the compound interest on Rs. 15625 for 9 months, at 16% per annum, ...

Answer 2

Answer:

answer is 10450

explanation

if principal amount is given for compound interest then simple interest is necessary so

according to the question

time = 9 month then converted into year so 9/12 = 3/4

sI = p x r x t/100

sI = 10000 x 3 x 6/100 x 4

sI = 450

compound interest is = p + sI

450 + 10000

= 10450

if, it is helpful then mark me in brainliest

please